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14316 Tree Swallow Way Lakewood Ranch, FL 34202

3 Beds 2 Baths 1,358 sqft Built 2004

$299,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $220.18
  • 3 Days on Market
  • MLS # : A4494561
  • Updated Date : 03/19/2021 at 16:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,358 sqft
  • Baths : 2 full
Listing Agent

Michael Saunders & Company

Listing Agent's Description

Talk about LOCATION! Greenbrook Village is a lovely, quiet neighborhood in a great school district in the middle of Lakewood Ranch. This 3 bedroom 2 full bath home offers a great flowing family room, dining room and an eat in kitchen nook that are perfect for entertaining. The primary bedroom has a private bath and walk in closet. Great space in additional bedrooms with newly laid vinyl plank flooring as well. Newly installed PGT windows, updated air conditioning and kitchen appliances also have been added to this winner. This awesome home is a short drive to one of the most popular beaches in the world, Siesta Key. In addition, the shopping, bistros, restaurants, running, biking, tennis, golfing and MORE are all within reach of this beautiful community. A MUST see!

SEE MORE

MARKET HIGHLIGHTS

  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)

PRICE & RENT TRENDS

Neighborhood: Greenbrook Village

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k509k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Greenbrook Village

ZipNIR Market*CityMarket20102015Year20082019 Q214001600180020002200240026002800Rent in $12942926

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Mcneal Elementary School Primary Regular 769 48 8
Nolan Middle School Middle Regular 1,130 60 7
Lakewood Ranch High School High Regular 2,299 95 7

Mcneal Elementary School

  • Education Level: Primary
  • # of students: 769
  • # of teachers: 48
8
GreatSchools Rating

Nolan Middle School

  • Education Level: Middle
  • # of students: 1,130
  • # of teachers: 60
7
GreatSchools Rating

Lakewood Ranch High School

  • Education Level: High
  • # of students: 2,299
  • # of teachers: 95
7
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,039
Property Tax -$410
Property Insurance -$119
HOA -$9
Property Management Fees -$129
CASH FLOW
$54

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$299,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.2%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$23,927

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,760

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $1,579

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7603$1,8004$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 14316 Tree Swallow Way Lakewood Ranch, FL 2
    • 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $1.30
    •  
  • 6246 Blue Runner Ct Lakewood Rch, FL 1
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2005
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.08
    •  
  • 6329 Robin Cv Lakewood Ranch, FL 3
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2003
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.08
    •  
  • 15003 Skip Jack Loop Lakewood Ranch, FL 4
    • 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 2006
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.28
    •  
  • 6254 Blue Runner Ct Lakewood Rch, FL 5
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2005
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.21
    •  
PROPERTY LISTING DETAILS
Kevin Price
1.765.202.0900
Michael Saunders & Company
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4494561
Last Updated: 03/19/2021
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